Press release
Resurgent Demand from Automotive Industry to be a Dominant Driver to the Growth of Thermal Barrier Coatings Market
MRRSE
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The impressive growth of global thermal barrier coatings market can be attributed to the rising demand hailing from aerospace and automotive industries, owing to the competent efficiency provided by the coatings to engines. Additionally, the spur in the demand for the vapor deposition technologies and gas turbine are considered to endure the unprecedented growth of thermal barrier coatings market in the upcoming years. A major boost to the market is expected from the technological developments and innovations taking place in the automotive industry. The aforementioned insights have been derived from a comprehensive report titled, “Thermal Barrier Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which has been included in the broad repository of Market Research Reports Search Engine (MRRSE).
In 2014, Thermal Spraying Technologies found solutions for facilitating thermal sprayed coatings to some key manufacturers and further advanced its facility in Sun Prairie, which in turn boosted the workforce of the company. Following the footsteps of this acquisition, Praxair Surface Technologies, Inc. in 2015, took over packaged gas businesses in South and North America with the aim to gain interest of equity investment in Asia.
The companies of the thermal barrier market are expected to witness mergers and acquisitions in order to transform the existing scenario with neoteric technologies and facilities. The aforesaid factors collectively are expected to contribute to a CAGR of over 6% through 2026.
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The main focus of this study is to deliver a brief analysis on thermal barrier coatings market by equipping the stakeholders with the key trends, drivers, opportunities, and restraints that could affect the market growth. Thermal barrier coatings market has been assessed in values (US$ Bn) for the period 2018-2026. The report aims at offering a broad perspective of the market by segmenting it on the basis of its application, coating material, technology, and products.
The study includes value chain analysis that provides a detailed outlook on the thermal barrier market at the global level. Market attractiveness has been evaluated and included in this comprehensive report, depending on the standards of market size, its general attractiveness, and rate of growth.
The insightful study comprises of a detailed analysis on the thermal barrier market at regional and global levels. The regional have been segmented considering the present and futuristic demand for the thermal barrier coatings market in the geographies like North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Individual application segments, coating material segments, and product segments for these regions have been incorporated in the report.
This unbiased report includes the analysis of Porter’s Five Forces model for thermal barrier coatings market in order to help understand the competitive landscape. The key companies profiled are Praxair, Inc., A&A Thermal Spray Coatings, H.C. Starck GmBH, Air Products and Chemicals, Inc., ASB Industries, Inc., Flame Spray Coating Co., Metallisation Ltd., THERMION, The Fisher Barton Group, and Metallizing Equipment Co. Pvt. Ltd.
A comprehensive analysis for each of these key players have been includes in the report, along with their overview, business strategies, recent developments, and revenue size. This will help the existing stakeholders of the market and the new entrants to devise sustainable strategies.
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